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KCB and Equity Dividends Anouncements Are Close By
Rank: Veteran Joined: 12/11/2006 Posts: 903
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15.1 billion in pre-tax profit. to pay sh 1.85 as dividends “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi
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mwanahisa wrote:GenghisCapitalLtd wrote:My forecasts are EPS at 3.57 with DPS at 1.65. This EPS forecast is way too high. Given KCB's Q3 earnings, I project an EPS of about Kshs 2.89, however it could fall within a range of Kshs 2.80 - 3.00. DPS will most likely not top Kshs 1.50. In Equity's case EPS will come in at about Kshs 2.63 (range from Kshs 2.50 to 2.70). Given Equity's past dividend payout history, I expect DPS to be between Kshs 1.00 to 1.20. Mwanahisa you were saying? It even outperformed my forecasts with EPS at 3.72 and DPS at 1.85. Fantastic results but got a hunch Equity will blow this out of the water  Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Kudos @GGL, You were certainly a lot closer than my estimate. I stand corrected, but as a shareholder, I will happily eat humble pie as I book my holiday with the expected dividend cheque (on the windfall above my Kshs 1.50 projection). Do you honestly believe Equity can surpass PAT of 10.9B or better yet PBT of 15.1B? GenghisCapitalLtd wrote:mwanahisa wrote:GenghisCapitalLtd wrote:My forecasts are EPS at 3.57 with DPS at 1.65. This EPS forecast is way too high. Given KCB's Q3 earnings, I project an EPS of about Kshs 2.89, however it could fall within a range of Kshs 2.80 - 3.00. DPS will most likely not top Kshs 1.50. In Equity's case EPS will come in at about Kshs 2.63 (range from Kshs 2.50 to 2.70). Given Equity's past dividend payout history, I expect DPS to be between Kshs 1.00 to 1.20. Mwanahisa you were saying? It even outperformed my forecasts with EPS at 3.72 and DPS at 1.85. Fantastic results but got a hunch Equity will blow this out of the water
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Rank: Member Joined: 1/29/2011 Posts: 257
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KCB out, very impressive  . When does Member announce its results? Exciting times, these are! $$$$$ "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi
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Does anyone else believe that member waits for its biggest rival in KCB to announce first? I think they do cz talking to some of my media friends, member have given them a run around on the exact date! Mwanahisa I have estimates of PBT 15.2Bn and PAT 12Bn or there about. Will wait and c au sio?! Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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GenghisCapitalLtd wrote:Does anyone else believe that member waits for its biggest rival in KCB to announce first? I think they do cz talking to some of my media friends, member have given them a run around on the exact date! Mwanahisa I have estimates of PBT 15.2Bn and PAT 12Bn or there about. Will wait and c au sio?! Over the last 2 or so years, its certainly looked like that. In the days when EBL were sure they were top or had extraordinary growth in their profits they were very quick off the blocks. As for a PBT of 15.2 B, this will be a very big ask for EBL. It implies that Equity will have made 5.8B in Q4 after doing 9.4 for the year to Sep-2011. It is of course possible but will be a tough act. Note that KCB made just about 6B in Q4 but you will have seen the huge spike in KCB's other income in Q4 - upwards of 2B. I am guessing that most of this were writebacks against provisions or Bad Debts previously written off. KCB of course has a far greater stock of Bad Debts/Provisions than Equity. So EBL may not have that kind of ammunition. All the same, let's wait and see what James pulls out of his hat. BTW, I am in both so I earnestly hope he can, but ....
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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GenghisCapitalLtd wrote:Does anyone else believe that member waits for its biggest rival in KCB to announce first? I think they do cz talking to some of my media friends, member have given them a run around on the exact date! Mwanahisa I have estimates of PBT 15.2Bn and PAT 12Bn or there about. Will wait and c au sio?! I am a Member, but, the KCB results have just made my membership life painful. I was in South Sudan for 4 months and i concur KCB roars in the region outside Kenya. Otherwise, i see King James declares everything and exposing himself to the parliamentary committee on the USD/KES saga!!!! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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dunkang wrote:Last year, Equity was meaner, and would try to out do their many rival KCB.
So,
Equity: Div Yield 6%! (at 19/- share price) It's 1.14 for member you mean? The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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what is equity bank waiting for? it is the first time since they listed that they will be reporting in march! History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Member used to be #1 in announcing results... Now it has been beaten by BBK, KCB & even DTB... among other banks announcing results! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Member used to be #1 in announcing results... Now it has been beaten by BBK, KCB & even DTB... among other banks announcing results! They are not done cooking yet. ha ha. Even KCB delayed a bit after the BBK shocker. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Even Rich*** Eteme** is busy cooking busy competing with JM to add food colour not to directly reflect the contents to the Mpigs
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Rank: Veteran Joined: 10/17/2008 Posts: 1,234
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VituVingiSana wrote:Member used to be #1 in announcing results... Now it has been beaten by BBK, KCB & even DTB... among other banks announcing results! Equity is first to announce its results ONLY when they are excellent and possibly on top of the stack. So in this case expect worse results than KCB.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Mpenzi wrote:VituVingiSana wrote:Member used to be #1 in announcing results... Now it has been beaten by BBK, KCB & even DTB... among other banks announcing results! Equity is first to announce its results ONLY when they are excellent and possibly on top of the stack. So in this case expect worse results than KCB. @Mpenzi, wewe chunga sana, chunga hizo vidole zako! Member was waiting to confirm whether their partners in extortion have stuck to their agreement of reporting super profits! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Rank: Elder Joined: 7/22/2009 Posts: 7,650
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Memba will surprise many critics. Lets wait for next week!!! People keep writing Memba off - always at their own peril. Mimi ni Memba! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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I'm member an I rooor ! I also soor in the sky as an eagle . Peace be with you
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Equity Bank is an eagle. PAT at Q3 2011 was more than for the entire 2011. If assets click Sh220bln and margins improve by 60 bps to 5.5% then a PAT of Sh12bln is taken...which means member might declare a good dividend to send the share soaring
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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I am a Loaring Member!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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KCB and Equity Dividends Anouncements Are Close By
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